SIE Exam Practice Question 477

Question: 477

The maximum amount that a couple may contribute to their IRAs at any one time is:

Correct Answer: A

Explanation:

A: The maximum amount that a couple may contribute to their IRAs at any one time is $22,000. Between January 1 and April 15, a contribution may be made for the prior year, the current year, or both: $5,500 × 2 × 2 = $22,000.

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